Citibank and Banco Bolivariano to provide new remittance service to Ecuador

Citibank and Banco Bolivariano have decided to come together to provide new remittance services to Ecuador. This comes after the Inter American Development Bank found that in 2007, Ecuador received more than $3 bn in remittances from abroad. Citibank and Banco Bolivariano now want to provide a cost effective and easy service to the beneficiaries in Ecuador. Citibank clients can send up to $3,000 per day to Ecuador for a flat fee – as low as $5. There are no additional costs for this transaction. Most funds are available for pick up within 24 hours. Those who do not have an account with Citibank, the solution is quite simple. They just need to open an access account with the bank. The access account is a convenient service that would help the customers to manage and save money and also to send cash instantly back home. Citibank has had operations in Ecuador for 48 years, offering world class products and services and contributing to Ecuador’s overall economic development.

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